PUNE: With its sound infrastructure and efficient logistics, Maharashtra has emerged as one of the top destinations for the Japanese companies operating in the country. Of the total 1309 Japanese firms in the country, Maharashtra has more than 750 of them operating in various sectors. And, the number is poised to increase further as more Japanese companies are now looking for investment in the state.
Shrikant Atre, President, Indo-Japan Business Council (IJBC), said at the inaugural of the event Konnichiwa Pune that the number of Japanese companies coming to the state will grow steadily in the next couple of years with focus on potential big city markets like Pune, Nasik, Aurangabad and Nagpur among others and not in Mumbai alone.
With the state government’s Make in Maharashtra initiative, many Japanese companies have expressed interest in development of infrastructure and tourism.
The overall growth in bilateral trade has been consistent by 8 to 10% yoy with an exception of 2016-17 but the same is poised to reach a notable high when Japan becomes a top business partner for Maharashtra state.
Japanese Consul General Ryoji Noda of Consulate General of Japan in Mumbai said, “Maharashtra plays an important and leading role in furthering the economic relations between Japan and India. The Mumbai-Ahmedabad High Speed Train project is an iconic joint project between the two countries, which will introduce our Shinkansen technology. Japan has made a commitment for this project which will be funded by Japan.”
The high-speed train project will connect two important Indian cites, Ahmedabad in Gujarat and the economic hub Mumbai in Maharashtra, he said adding: “Japan has also assisted the development of Maharashtra in other sectors, such as pollution abatement project on River Mula-Mutha in Pune. Maharashtra occupies more than 10% of Japanese companies in the list of Japanese establishments in India which have their headquarters in Maharashtra.”
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